Details of the Lottery Process

The lottery will be open to both economically weaker sections and low-income groups. The BMC Commissioner and Administrator, Mr. Bhushan Gagralani, has directed the implementation of this process. Interested applicants can apply for the apartments through the official BMC website: bmchomes.mcgm.gov.in.

Important Dates for Applicants

• Online Application Start Date: October 16, 2025, at 10 AM
• Last Date to Fill Applications: November 14, 2025, at 5 PM
• Application Fee and Earnest Money Submission Deadline: November 14, 2025, by 11:59 PM
• Final List of Eligible Applicants: November 18, 2025, at 5 PM
• Lottery Draw Date: November 20, 2025, at 5 PM
• Announcement of Successful and Waitlisted Candidates: November 21, 2025, at 5 PM

Information Booklet Availability

An information booklet detailing the lottery process, along with various terms and conditions, will be available on the BMC website starting from October 16, 2025, at 10 AM. The booklet will provide essential information regarding the apartments and the lottery process.

Contact Information

For assistance regarding the lottery process, applicants can reach out to the helpdesk at 022-22754553 or email at bmchomes@mcgm.gov.in. Additionally, inquiries can be made in person at the office of the Assistant Commissioner (Property) located on the fourth floor of the Expanded Building, Brihanmumbai Municipal Corporation Headquarters, Municipal Road, Mumbai – 400 001, during office hours.

Authority’s Discretion

The Brihanmumbai Municipal Corporation reserves the right to make necessary changes regarding the apartments involved in this lottery. Furthermore, all terms and conditions outlined in the information booklet will remain applicable and subject to amendments as required.

Also Read: BMC notice to prestige group

The post Brihanmumbai Municipal Corporation to Begin Sale of 426 Apartments from October 16 to November 21, 2025 appeared first on Square Feat India.

By Varun Singh

After PM on Tuesday announced a total of Rs 20 lakh crore worth package to boost the economy.

The FM on Wednesday drew out the roadmap of how the government plans to bail out the economy.

It looks like the FM managed to touch the right notes, making the real estate industry feel good.

The announcement was much in line with the government’s aim to spur economic growth and build a ‘self-reliant’ India.

In the first of the series of announcements the FM will make over the next few days, the real estate sector, NBFCS/HFCs and MSMEs got a major boost on day one.

In a major announcement providing relief to real estate developers, the government has extended the timeline for project completions and registration by 6 months.

This is a big move that will destress developers significantly, since construction activity had been halted all across the country.

“Homebuyers’ wait for their homes will get extended by this move, but this was in any case inevitable,” Anuj Puri, Chairman, Anarock Property Consultants.

Further, the announcement of Rs 30,000 crore special liquidity scheme for NBFCs/HFCs and MFIs will ease liquidity woes of stressed players.

This will benefit the real estate sector significantly, given that NBFCs and HFCs are major lenders to it.

As per ANAROCK research, NBFCs and HFCs together contribute almost 56% of total lending to real estate in India currently.

Alok Saraf, Associate Partner, Grant Thornton Advisory Pvt Ltd says that the provision of Suo Moto extension of due dates under RERA will definitely benefit developers whose projects were due for completion during the lockdown. The real estate sector continues to be hopeful for a credit guarantee scheme similar to the one being provided to the MSME sector announced by our honorable FM.

 Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory says, “Invoking of force majeure clause for registered real estate projects will protect the interest of developers, by extending the completion timeline by a duration of 6 months under RERA automatically. The same was much required, as a lot many developers could face challenges of aligning construction workers and labourers for the next few months as a result of their migration.”

Also Read: Buying a home still on mind but with reduced budget

The post FM Throws Lifelines to Real Estate appeared first on Square Feat India.